Business

Blackstone acquires majority stake in Simplilearn firm

Leading investment firm Blackstone on Monday announced that it has acquired a controlling stake in homegrown online learning platform Simplilearn.

migrator

Mumbai

Touted as an online bootcamp for digital economy skills training, Simplilearn was founded in 2010 in Bengaluru, and offers over 100 programmes to help early to mid-career professionals acquire new-age digital skills across the spectrum. 

“We believe Blackstone can add significant value to our company because of their scale, commitment to building businesses, and global network, which will enable us to develop partnerships with businesses and universities as Simplilearn continues to expand around the world,” said Krishna Kumar, Founder and CEO, Simplilearn. 

“We would also like to thank our previous investors, Kalaari Capital, Helion Venture Partners and Mayfield Fund for their undaunted support and trust in our journey of becoming a market leader,” he added. Earlier this month, Simplilearn announced to onboard five million learners in the next two years on its SkillUp platform. 

The company is currently collaborating with educational institutes such as Caltech CTME, MIT Schwarzman College of Computing, UMass Amherst and the Isenberg School of Management, Purdue Online, Jagdish Sheth School of Management and IIT Kanpur.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Tamil Nadu government urges schools to avoid open spaces to beat summer heat

Palani temple land issue: Man arrested for spreading false information about HR and CE minister

NPCIL denies security concerns over alleged data leak at Kudankulam project

Minor quake strikes Krishnagiri district near Karnataka border

TN, Kerala to launch joint drive against narcotics along border